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Budget primary balance dips to deficit of 1.51 bln in April on Covid-19 measures
EconomyMacroeconomycame to a deficit of 2 billion euros compared to a monthly deficit of 3376 million noted in March.... State budget total revenues stood at 15.44 billion euros, lower than the target by 1.24 billion or 7.4... months of the year, total expenditure came to 18.17 billion, overshooting the target by 1.06 billion
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingthe country. A total of roughly 71 billion euros worth of bad loans sit on the balance sheets... anticipates around the second half of 2020, in order to take the necessary decisions. Piraeus has a total of 7.... This is split between two portfolios, Vega valued at 5 billion, and Phoenix valued at 2 billion
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Opposition picks holes in latest measures to mitigate economic impact from pandemic
PoliticsGreek PoliticsDemocracy’s claim that the total package of measures it will implement to mitigate the economic impact... totalling 8 bln euros, which means this amount cannot be included in the total. He added that another 3.2 bln euros are guarantees and suspension of payments, while 2 bln euros will come from
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Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
EconomyMacroeconomyto February. Year-on-year, the figure for those employed decreased by 12,923 (-0.3 percent). Total... month, and increased by 173,254 persons when compared with March 2019 (+5.4 percent). The total... years, with a drop of 2 pps. The unemployment rate for this group came to 14.1 percent. Regionally
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Travel balance falls by 85.1 pct in July
EconomyMacroeconomyof 7.3 percent to 2 billion euros. For euro-denominated countries, receipts showed a drop of 77.4.... In total, arrivals from the EU 27 countries fell by 80.4 percent YoY to 661,300. Those from euro.... In total, arrivals showed a drop of 80.1 percent in the first seven months of the year and came to 3
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Budget primary confirmed at deficit of 5.48 bln in August
EconomyMacroeconomyto reduced economic activities in light of the pandemic. State budget total revenues stood at 33.38... by 2 billion euros during the first eight months of the year. Personal income tax (PIT) was below... of the year, total expenditure came to 39.73 billion, surpassing the target by 4.39 billion. The MoF said
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBanking, Greece drew another 2 billion euros, with a re-offer yield of 1.15 pct, implying a price of 109.46.... 8.4 times. The total amount outstanding for the 2035 maturing issue is now 4.5 billion euros... with total offers close to 17 billion. More than 280 accounts participated in the transaction
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Travel balance falls by 65.9 pct in August as 10.5 bln in receipts vanish in aggregate
EconomyMacroeconomyto around 200 arrivals. In total, arrivals from the EU 27 countries fell by 68.4 percent YoY to 1.3... of the year. Arrivals from euro-denominated countries dropped by 74.1 percent to 2 million, while visitors... the EU showed a decrease of 81.3 percent to 1.7 million. In total, arrivals showed a drop of 78 percent
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Labour vote, reconstruction plans highlight differences in party agendas
PoliticsGreek Politicssaid the measure would bring relief to over 265,000 businesses and almost 2 million workers. SYRIZA.... In his address, Mitsotakis spoke of a support package which could total 31 billion euros by 2021, while... recipients at a total cost of 55 million euros. The debate heated up when SYRIZA leader Alexis Tsipras
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Newsletter 275 -27/11/2020
from REACT-EU, taking the total EU flow to 5.51 billion euros. Private consumption is expected... amongst member states. 2 Oct budget primary at deficit of 9.07 bln Revised budget for 2021 reflected... leads headline figure Total deposits, which also include the general government (gg), rose by 2.32
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